704 N Council Rd - Self-Storage Facilities FOR SALE


Oklahoma City, OK 73127
$790,000 USD
405-993-4405
704 N Council Rd, Oklahoma City, OK for Sale
$790,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | 5.32% Cap Rate

704 N Council Rd
Oklahoma City, OK 73127


HIGHLIGHTS

  • Value add due to high rate of vacancy
  • Onsite manager
  • Living quarters for owner/manager/operator

OVERVIEW

The subject property comprises 120 units with a current occupancy rate of 60%. The unit distribution is as follows: 6 units of 5x5 feet, each rented at $55; 13 units of 5x10 feet, also at $55 each; 4 units of 10x10 feet, rented at $75 each; 84 units of 10x15 feet, with a rental rate of $90 each; 4 units of 10x20 feet, leased at $120 each; and 9 units of 10x30 feet, each at $120. Over the last four months, the property has averaged a revenue of $6,250 per month. Monthly expenses include insurance at $544, dumpster service at $150, an on-site manager with a salary of $560 plus free rent, utility costs for OGE at $300, and software expenses amounting to $225.

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

5.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Council Road Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

148061335

ASK ABOUT THIS PROPERTY

Colton HaskinJason Turner Real Estate LLCMore Info
405-993-4405

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Colton HaskinJason Turner Real Estate LLCMore Info
405-993-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.